Post No. 1

This is my first blog post. This blog is an attempt to write
down new information I get as well as ideas or thoughts that
I may have, so they do not get lost.

Funda of Finance
1. Price of a security is what you pay to acquire it. Value
is what it is worth. Price is fair when it is equal to the
value. When you want to know the value of a security, use the
price of another security which is as similar to it as
possible.

Taken from
Emanel Derman's article

Q. What is a security? I need to find out.

2. Keynes said "Markets can remain irrational longer than
you can remain solvent".

Statistics
If someone takes a step in a random direction at every time
step, then his distance from the origin increases as time
passes and I think (I need to make sure) that it is
proportional to the square root of the time elapsed.

नवधा भक्ति

(Taken from Tulsidas Ramayan's Aranyakaand 34.4 - 35.3.
Used English where I could not google to print correct
devanagari spelling)
नवधा भगति kahau तोहि पाही| सावधान सुनु धरु मन माहीं||
प्रथम भगति संतन कर संगा| दूसरि रति मम कथा प्रसंगा||

गुर पद पंकज सेवा तीसरि भगति अमान|
चौथि भगति मम गुन गन karai कपट तज गान||

मंत्र जाप मम dradha बिस्वासा| पंचम भजन सो बेद प्रकासा||
छठ दम सील बिरति बहु करमा| निरत निरंतर सज्जन धर्मा||
सातव सम मोहि मय जग देखा| मोते संत अधिक करि लेखा||
आठव जथा लाभ संतोषा| सपनेहु नहिं देखहि परदोषा||
नवम सरल सब सल छनहीना| मम भरोस हिय हरष न दीना||